Centralized storage is vulnerable due to potential collapse of platforms like FTX, causing significant losses.
Decentralized storage poses risks such as forgetting seed phrases or misplacing hardware wallets without central authority for recovery.
There is a growing demand for a hybrid approach combining centralized and decentralized storage benefits, addressing their weaknesses.
#crypto-finances #hybrid-smpc-technology #centralized-storage #decentralized-storage #security-measures
Collection
[
|
...
]